Cezary Podkul
The UK-based waste management company said a ‘final price indication’ of 120 pence per share was too low.
The firm agreed to buy SouthWest Water Company, a NASDAQ-listed water and wastewater utility, for a total equity value of $275m.
Transmission Developers is planning to build an underwater cable that would carry 2,000-MW of wind and energy power from Canada to New York.
Chatas, a managing director at JPMorgan Asset Management's Infrastructure Investments Fund, will assume the role of CFO at Ohio State University. His departure marks the latest in a string of high-profile career moves by infrastructure executives at Citi, Morgan Stanley, KKR and Goldman Sachs.
The firm revealed plans for the fund less than a month after hiring Bill Green to head renewable energy investments for Macquarie Capital Funds in North America.
Five people were killed and at least 12 others injured when a private equity-backed power plant exploded in Connecticut Sunday.
Renewable energy is big these days – and only getting bigger. Infrastructure investors hope to capitalise on the opportunity, but, by their very nature, must approach green investments with great caution, writes Cezary Podkul.
Serge-Alexandre Lauper will serve as the co-head of investment management for Swiss Re Private Equity Partners. He left Horizon21, the Swiss alternative asset manager with a fund-of-funds for infrastructure, about two weeks ago.
Nearly 50% of the $10.7bn raised by infrastructure funds in 2009 went to the two firms, according to a tally of fund commitments compiled by San Francisco-based placement agent Probitas Partners. The $10.7bn total was also 57% less than the $24.7bn raised by infrastructure funds in 2008.
Last year, WAMEX Private Equity collected $55m from Mexican pensions for a listed vehicle that will invest alongside a traditional private equity fund.